Purchase a home with potentially zero down payment if you have full entitlement and the loan amount meets appraisal value, removing a major barrier to homeownership.
Avoid monthly Private Mortgage Insurance (PMI) costs, even with no down payment, leading to significant long-term savings compared to other loan types.

Often requires no down payment.

No monthly mortgage insurance premiums.

Often feature lower interest rates.

One-time fee applies (exemptions available for some).